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(Ignore income taxes in this problem.) Chow Company has gathered the following data on a proposed investment project: Investment required in equipment $142,500 Annual cash

(Ignore income taxes in this problem.) Chow Company has gathered the following data on a proposed investment project: Investment required in equipment $142,500 Annual cash inflows $30,000 Salvage value $0 Life of the investment 8 years Required rate of return 10% The internal rate of return on the investment is closest to? Please show work

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